Patterson Companies Inc. (PDCO): Today's Featured Wholesale Loser

Patterson Companies Inc ( PDCO) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day down 0.7%. By the end of trading, Patterson Companies Inc fell 38 cents (-1.3%) to $28.73 on average volume. Throughout the day, 1.1 million shares of Patterson Companies Inc exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $28.72-$29.41 after having opened the day at $29.13 as compared to the previous trading day's close of $29.11. Other company's within the Wholesale industry that declined today were: China Metro-Rural Holdings ( CNR), down 13.4%, Rada Electronics Industries Inc ( RADA), down 12.7%, Bluelinx Holdings Inc ( BXC), down 10%, and China Armco Metals Inc ( CNAM), down 9.3%.

Patterson Companies, Inc. operates as a distributor serving the dental, companion-pet veterinarian, and rehabilitation supply markets in North America. Patterson Companies Inc has a market cap of $3.33 billion and is part of the services sector. The company has a P/E ratio of 14.8, below the average wholesale industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 5% year to date as of the close of trading on Monday.

TheStreet Ratings rates Patterson Companies as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Staar Surgical ( STAA), up 7.2%, InfoSonics Corporation ( IFON), up 4.5%, Navarre Corporation ( NAVR), up 4.2%, and Sims Metal Management ( SMS), up 3.1%, were all gainers within the wholesale industry with Henry Schein Inc ( HSIC) being today's featured wholesale industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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